SoftBank Group (OTCMKTS:SFTBY) Hits New 1-Year High at $33.40

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY) reached a new 52-week high during trading on Wednesday . The company traded as high as $33.40 and last traded at $33.35, with a volume of 460294 shares trading hands. The stock had previously closed at $32.84.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised SoftBank Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th.

SoftBank Group Trading Up 1.6 %

The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $98.05 billion, a price-to-earnings ratio of -44.99 and a beta of 1.18. The company’s 50-day moving average is $28.57 and its 200-day moving average is $26.73.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Monday, May 13th. The technology company reported $0.52 EPS for the quarter. The firm had revenue of $11.82 billion for the quarter. SoftBank Group had a negative net margin of 4.14% and a negative return on equity of 2.38%. Research analysts anticipate that SoftBank Group Corp. will post 1.94 earnings per share for the current fiscal year.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.